Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
CEO: Wes Cummins. Company website
Applied Digital Corp. (APLD) trades at $28.12, up 6.60% on the day, as of Sep 20, 2026 14:56 UTC.
Applied Digital Corp. has a market capitalisation of $8.10B, calculated from the live APLD share price and shares outstanding.
APLD has no meaningful price-to-earnings ratio: Applied Digital Corp. lost $0.89 per share over the last twelve months, and a P/E is only defined on positive earnings.
Applied Digital Corp. generated revenue of $576.19M over the trailing twelve months, which puts the stock at 14.05 times sales.
APLD has traded between $18.65 and $50.73 over the past 52 weeks, and the last price is 44.6% below that high.
No. Applied Digital Corp. is loss-making, with a net margin of -42.31% over the trailing twelve months.
Wall Street analysts rate APLD Buy, with an average price target of $69.56, 147.4% above the current price.
Applied Digital Corp. is classified under the Technology sector and the Information Technology Services industry, and is domiciled in US.
Wes Cummins is the chief executive of Applied Digital Corp., which employs 256 people.
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